There is no doubt that Petroleo Brasileiro S.A. – Petrobras (PBR) ticks all the boxes.

Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) stock jumped 2.08% on Tuesday to $11.79 against a previous-day closing price of $11.55. With 13.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 22.5 million shares. During the session, the Oil & Gas Integrated company that operates in wider Energy sector, reached to the highest price of $11.97 whereas the lowest price it dropped to was $11.61. The 52-week range on PBR shows that it touched its highest point at $16.04 and its lowest point at $8.88 during that stretch. It currently has a 1-year price target of $13.21. With its current market cap of 73.31 billion, PBR has annualized dividend of $1.80 while the current yield stands at 15.28%. Beta for the stock currently stands at 1.40.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PBR was up-trending over the past week, with a rise of 0.08%, but this was down by -1.34% over a month. Three-month performance surged to 4.61% while six-month performance rose 5.71%. The stock lost -20.52% in the past year, while it has gained 10.70% so far this year. A look at the trailing 12-month EPS for PBR yields 5.62 with Next year EPS estimates of 2.87. For the next quarter, that number is 0.79. This implies an EPS growth rate of 76.60% for this year and -11.10% for next year.

Float and Shares Shorts:

At present, 6.52 billion PBR shares are outstanding with a float of 4.20 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 36.19 million, which was 0.55% higher than short shares on Mar 30, 2023. In addition to Mr. Jean Paul Terra Prates as the firm’s CEO & Director, Mr. Sergio Caetano Leite serves as its Chief Financial & Investor Relations Officer and Member of Exec. Board.

Institutional Ownership:

Through their ownership of 21.61% of PBR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.43% of PBR, in contrast to 11.72% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PBR with 5.68% of the stake, GQG Partners LLC holds 211,351,114 shares worth 211,351,114. A second-largest stockholder of PBR, Baillie Gifford & Co., holds 57,673,703 shares, controlling over 1.55% of the firm’s shares. Arrowstreet Capital LP is the third largest shareholder in PBR, holding 41,681,461 shares or 1.12% stake. With a 1.32% stake in PBR, the Goldman Sachs GQG Partners Intern is the largest stakeholder. A total of 49,217,317 shares are owned by the mutual fund manager. The GQG Partners Emerging Markets Equ, which owns about 1.17% of PBR stock, is the second-largest Mutual Fund holder. It holds 43,609,665 shares valued at 463.13 million. Baillie Gifford Emerging Markets holds 0.41% of the stake in PBR, owning 15,174,265 shares worth 161.15 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PBR reported revenue of $34.70B and operating income of $17.27B. The EBITDA in the recently reported quarter was $23.32B and diluted EPS was $1.68.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PBR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PBR analysts setting a high price target of $16.00 and a low target of $7.37, the average target price over the next 12 months is $12.94. Based on these targets, PBR could surge 35.71% to reach the target high and fall by -37.49% to reach the target low. Reaching the average price target will result in a growth of 9.75% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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